Homework Answers
Answer a):-
Variable cost per unit = $3.5 per unit
Contribution margin ratio (2019)=30%
Workings:-
In 2019,
Break even in dollar sales = Fixed costs/Contribution margin ratio
Contribution margin ratio = Fixed Cost / Break even sales in dollar
Contribution margin ratio =92700/309,000
Contribution margin ratio = 30%
Variable cost ratio = 1- Contribution margin ratio
Variable cost ratio = 1 - 30%
Variable cost ratio = 70%
Variable cost per unit = 5 *70%(selling price * variable cost ratio)
Variable cost per unit = $3.5
Add Answer to:
Question 4 View Policies Current Attempt in Progress In 2019, Cullumber Company had a break-even point...
In 2016, Manhoff Company had a break-even point of $309,000 based on a selling price of...
In 2016, Manhoff Company had a break-even point of $309,000 based on a selling price of $5 per unit and fixed costs of $126,000. In 2017, the selling price and the variable costs per unit did not change, but the break-even point increased to $453,000. ✓ Your answer is correct. Compute the variable costs per unit and the contribution margin ratio for 2016. (Round Variable cost per unit to 2 decimal places, e.g. 2.25 and Contribution margin ratio to 0...
du courses/119937/assignments/695 Q0 In 2019, Cullumber Company had a break-even point of $309,000 based on a...
du courses/119937/assignments/695 Q0 In 2019, Cullumber Company had a break-even point of $309,000 based on a seling price of $5 per unit and fed costs of $92.700. In 2020, the line price and the variable costs per unit did not change, but the break-even point increased to $453.000. ♥ Your rower is correct es. 2.35 and Compute the variable content and the contribution marginatio for 2019. Round Variable cost per unit to decid Contribution mari roti todecimo s. 20) Vara...
In 2019, Oriole Company had a break-even point of $362,000 based on a selling price of...
In 2019, Oriole Company had a break-even point of $362,000 based on a selling price of $8 per unit and fixed costs of $108,600. In 2020, the selling price and the variable costs per unit did not change, but the break-even point increased to $467,000. . Your answer is incorrect. Compute the variable costs per unit and the contribution margin ratio for 2019. (Round Variable cost per unit to 2 decimal places, e.g. 2.25 and Contribution margin ratio to 0...
In 2016, Manhoff Company had a break-even point of $309,000 based on a selling price of...
In 2016, Manhoff Company had a break-even point of $309,000 based on a selling price of $8 per unit and fixed costs of $172,000. In 2017, the selling price and the variable costs per unit did not change, but the break-even point increased to $442,000. Compute the variable costs per unit and the contribution margin ratio for 2016. (Round Variable cost per unit to 2 decimal places, e.g. 2.25 and Contribution margin ratio to 0 decimal places, e.g. 25.) Compute...
+ Ch. 18 Homework Question 4 of 4 View Policies Current Attempt in Progress Oricle Company...
+ Ch. 18 Homework Question 4 of 4 View Policies Current Attempt in Progress Oricle Company bottles and distrues B-Lite, diet soft drink. The beverage is sold for 60 cents per 16 ounce bottle to retailers who charge customers 75 cents per bottle. For the year 2020. management estimates the following revenues and costs. $1,860,000 Selling expenses variable $110,000 Direct materials 430.000 Selling expenses-filled 61.000 Direct labor 400.000 Administrative expenses variable 27,000 Manufacturing overhead-variable 420,000 Administrative penses-loved 81,000 Manufacturing overhead-fired...
Question 4 View Policies Current Attempt in Progress Midlands Inc. had a bad year in 2019....
Question 4 View Policies Current Attempt in Progress Midlands Inc. had a bad year in 2019. For the first time in its history, it operated at a loss. The company's income statement showed the following results from selling 80,000 units of product: net sales $2,000,000, total costs and expenses $2.210,000; and net loss $210,000. Costs and expenses consisted of the following Total Variable Fixed Cost of goods sold Selling experses Administrative expenses $1,542,000 $1,051,000 $491,000 522,000 99,000 429.000 146,000 56,000...
In 2016, Blue Spruce Company had a break-even point of $305,000 based on a selling price...
In 2016, Blue Spruce Company had a break-even point of $305,000 based on a selling price of $5 per unit and fixed costs of $122,000. In 2017, the selling price and the variable costs per unit did not change, but the break-even point increased to $437,000. Compute the variable costs per unit and the contri bution margin ratio for 2016. (Round Variable cost per unit to 2 decimal places, e.g. 2.25 and Contribution margin ratio to 0 decimal places, e.g....
Exercise 5-12 In 2019, Ivanhoe Company had a break-even point of $310,000 based on a selling price of $8 per unit and f...
Exercise 5-12 In 2019, Ivanhoe Company had a break-even point of $310,000 based on a selling price of $8 per unit and fixed costs of $93,000. In 2020, the selling price and the variable costs per unit did not change, but the break-even point increased to $429,000 Your answer is correct. Compute the variable costs per unit and the contribution margin ratio for 2019. (Round Variable cost per unit to 2 decimal places, e.g. 2.25 and Contribution margin ratio to...
Question 1 of 1 < > - 71 View Policies Current Attempt in Progress Ivanhoe Company...
Question 1 of 1 < > - 71 View Policies Current Attempt in Progress Ivanhoe Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers, who charge customers 75 cents per bottle. For the year 2020, management estimates the following revenues and costs. Sales $1,650,000 460,000 330,000 350,000 180,000 Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed Selling expenses-variable Selling expenses-fixed Administrative expenses-variable Administrative expenses-fixed $76.500 51,000 21,000 99,000...
Cullumber Bucket Co., a manufacturer of rain barrels, had the following data for 2019. Sales 2,260...
Cullumber Bucket Co., a manufacturer of rain barrels, had the following data for 2019. Sales 2,260 units Sales price $50 per unit Variable costs $30 per unit Fixed costs $20,340 What is the contribution margin ratio? Contribution margin ratio enter the Contribution margin ratio in percentages % What is the break-even point in dollars? Break-even point $enter the break-even point in dollars What is the margin of safety in dollars and as a ratio? Margin of...
In 2016, Manhoff Company had a break-even point of $309,000 based on a selling price of $5 per unit and fixed costs of $126,000. In 2017, the selling price and the variable costs per unit did not change, but the break-even point increased to $453,000. ✓ Your answer is correct. Compute the variable costs per unit and the contribution margin ratio for 2016. (Round Variable cost per unit to 2 decimal places, e.g. 2.25 and Contribution margin ratio to 0...
du courses/119937/assignments/695 Q0 In 2019, Cullumber Company had a break-even point of $309,000 based on a seling price of $5 per unit and fed costs of $92.700. In 2020, the line price and the variable costs per unit did not change, but the break-even point increased to $453.000. ♥ Your rower is correct es. 2.35 and Compute the variable content and the contribution marginatio for 2019. Round Variable cost per unit to decid Contribution mari roti todecimo s. 20) Vara...
In 2019, Oriole Company had a break-even point of $362,000 based on a selling price of $8 per unit and fixed costs of $108,600. In 2020, the selling price and the variable costs per unit did not change, but the break-even point increased to $467,000. . Your answer is incorrect. Compute the variable costs per unit and the contribution margin ratio for 2019. (Round Variable cost per unit to 2 decimal places, e.g. 2.25 and Contribution margin ratio to 0...
+ Ch. 18 Homework Question 4 of 4 View Policies Current Attempt in Progress Oricle Company bottles and distrues B-Lite, diet soft drink. The beverage is sold for 60 cents per 16 ounce bottle to retailers who charge customers 75 cents per bottle. For the year 2020. management estimates the following revenues and costs. $1,860,000 Selling expenses variable $110,000 Direct materials 430.000 Selling expenses-filled 61.000 Direct labor 400.000 Administrative expenses variable 27,000 Manufacturing overhead-variable 420,000 Administrative penses-loved 81,000 Manufacturing overhead-fired...
Question 4 View Policies Current Attempt in Progress Midlands Inc. had a bad year in 2019. For the first time in its history, it operated at a loss. The company's income statement showed the following results from selling 80,000 units of product: net sales $2,000,000, total costs and expenses $2.210,000; and net loss $210,000. Costs and expenses consisted of the following Total Variable Fixed Cost of goods sold Selling experses Administrative expenses $1,542,000 $1,051,000 $491,000 522,000 99,000 429.000 146,000 56,000...
In 2016, Blue Spruce Company had a break-even point of $305,000 based on a selling price of $5 per unit and fixed costs of $122,000. In 2017, the selling price and the variable costs per unit did not change, but the break-even point increased to $437,000. Compute the variable costs per unit and the contri bution margin ratio for 2016. (Round Variable cost per unit to 2 decimal places, e.g. 2.25 and Contribution margin ratio to 0 decimal places, e.g....
Exercise 5-12 In 2019, Ivanhoe Company had a break-even point of $310,000 based on a selling price of $8 per unit and fixed costs of $93,000. In 2020, the selling price and the variable costs per unit did not change, but the break-even point increased to $429,000 Your answer is correct. Compute the variable costs per unit and the contribution margin ratio for 2019. (Round Variable cost per unit to 2 decimal places, e.g. 2.25 and Contribution margin ratio to...
Question 1 of 1 < > - 71 View Policies Current Attempt in Progress Ivanhoe Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers, who charge customers 75 cents per bottle. For the year 2020, management estimates the following revenues and costs. Sales $1,650,000 460,000 330,000 350,000 180,000 Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed Selling expenses-variable Selling expenses-fixed Administrative expenses-variable Administrative expenses-fixed $76.500 51,000 21,000 99,000...
Most questions answered within 3 hours.
-
You follow the lab procedure and at the end of Part 4C, you used
an average...
asked 1 minute ago -
Write 250-450 words, about the following: • Analyze how a
servant leader in your organization or...
asked 4 minutes ago -
3. American and Japanese workers can each produce 4 cars a
year. An American worker can...
asked 7 minutes ago -
On October 1, 20X1, a company purchased a piece of land by
agreeing to pay the...
asked 19 minutes ago -
Jamie is doing a survey at her school about whether the students
feel the cafeteria food...
asked 24 minutes ago -
What are the roles of 3' and 5' untranslated regions in
mRNAs?
asked 26 minutes ago -
A domestic television receives antenna delivers a sky noise
power of -105 dBm to a matched...
asked 24 minutes ago -
What do you think are the chemical reactions involved in the
breathalyzer tests administered to potentially...
asked 40 minutes ago -
A random sample of 120 observations produces a mean of
38.2 from a population with a...
asked 46 minutes ago -
The average area of land burned by forest fires every year in
Canada is 2.5 million...
asked 48 minutes ago -
36. The basic difference between government bureaus and market
firms is that bureaus:
a. can...
asked 48 minutes ago -
java
- A recursive method findR() to search for a number in list
(ArrayList)
- A...
asked 1 hour ago